Investors Buy Simon Property Group, Inc. (SPG) on Weakness Following Analyst Downgrade

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11 July, 2017

Simon Property Group, Inc. shares had a trading volume of 1,140K by the end of trading on Tuesday. (NYSE:SPG) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,815 shares of the real estate investment trust's stock, valued at approximately $312,000. Snc-Lavalin Group Inc (OTCMKTS:SNCAF) has 0.00% since July 10, 2016 and is.

On April 1 Citigroup made no change to the company rating of "Buy" but moved up the price target to $235.00 from $214.00. Bessemer Group Inc. raised its position in shares of Simon Property Group by 13.4% in the fourth quarter. Tudor Investment Corp Et Al now owns 6,415 shares of the real estate investment trust's stock worth $1,140,000 after buying an additional 5,215 shares during the period. Factory Mutual Insurance Co claims 307,750 shares valued at $49,783,000.

12/16/2016 - Brixmor Property Group Inc. was upgraded to " by analysts at JP Morgan. NY now owns 19,828 shares of the real estate investment trust's stock worth $484,000 after buying an additional 570 shares during the last quarter.

Oakbrook Investments Llc decreased Simon Property Group Inc (SPG) stake by 14.84% reported in 2016Q4 SEC filing. Logan Capital Management Inc. now owns 2,435 shares of the real estate investment trust's stock worth $419,000 after buying an additional 15 shares during the last quarter. Cohen & Steers has invested 8.44% in Simon Property Group Inc (NYSE:SPG). Monetary Management Group Inc. now owns 2,920 shares of the real estate investment trust's stock valued at $519,000 after buying an additional 2,815 shares during the last quarter. Simon Property Group Inc (NYSE:SPG) has declined 18.56% since July 10, 2016 and is downtrending. (NYSE SPG) opened at 156.64 on Monday. The company has a 50 day moving average price of $18.46 and a 200-day moving average price of $21.63. The firm has a market capitalization of $5.41 billion, a P/E ratio of 18.86 and a beta of 0.50.

On June 20 the company was set at "Buy" by Goldman Sachs up from the previous "Conviction Buy" rating.

Simon Property Group (NYSE:SPG) last announced its earnings results on Thursday, April 27th. The real estate investment trust reported $2.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $2.76 by $0.02.

4 analysts on average are expecting the company to report revenue of $1.36 Billion for the current quarter. Simon Property Group had a net margin of 34.99% and a return on equity of 40.16%. Guardian Life Insurance Co. of America increased its position in shares of Simon Property Group by 2.6% in the first quarter. During the same period in the prior year, the firm posted $2.63 EPS.

Simon Property Group, Inc. has a 1-year low of $150.15 and a 1-year high of $229.10. Benjamin F Edwards Inc owns 116 shares for 0% of their portfolio. The ex-dividend date is Monday, July 3rd.

11/28/2016 - Brixmor Property Group Inc. was upgraded to " by analysts at Wells Fargo. "(NYSE:SPG)" was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another publication, it was illegally stolen and reposted in violation of US & worldwide trademark and copyright law. The legal version of this piece of content can be accessed at https://www.thestockobserver.com/2017/07/11/glenmede-trust-co-na-continues-to-hold-position-in-brixmor-property-group-inc-brx-updated-updated.html. Quantbot Technologies Lp reported 0.25% of its portfolio in Simon Property Group Inc (NYSE:SPG).

Among 14 analysts covering Simon Property Group (NYSE:SPG), 10 have Buy rating, 0 Sell and 4 Hold. Hilliard Lyons raised Simon Property Group from a "neutral" rating to a "buy" rating and set a $197.00 target price on the stock in a report on Friday, March 17th.

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust (REIT). Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock.

04/14/2016 - Mizuho began new coverage on Brixmor Property Group Inc. giving the company a " rating. $232,400 worth of stock was bought by LEIBOWITZ REUBEN S on Tuesday, March 28.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. As of the end of the quarter Capstone Asset Management Co had bought 292 shares growing its stake by 1.1%. The stock had a trading volume of 787,516 shares. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 33,000 shares of company stock worth $616,856.

Since March 28, 2017, it had 1 buy, and 0 sales for $232,400 activity.


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